The announcement on the state-run Saudi Press Agency comes as the oil firm is valued at just under $2 trillion and as oil trades above $90 ...

RIL is courting Saudi Aramco to buy a minority stake in the oil-to-chemical business, talks for which are still going on.

RIL said that the reorganisation will enable focused pursuit of opportunities across O2C value chain, improve efficiencies through self-sus...

The company is also sounding out foreign banks for advisory roles and HSBC and JPMorgan are among those in the final phase of pitching for ...

Climate Action 100+, the 450 members of which manage more than $47 trillion in assets, seeks to engage with the companies responsible for m...

Sources told ET NOW that the deal is expected to be at similar valuations and could be adjusted for debt.

U.S. West Texas Intermediate (WTI) crude fell $2.08, or 6.6%, to $29.65 a barrel.

The current restructuring exercise at Reliance Industries, including sale of stake to well-known buyers and halving of debts, have made the...

The focus has reportedly shifted to proposed acquisition of "strategic stake" in Saudi Basic Industries Corp.

A lowdown on top macro triggers that may move market on Monday

The state-run company boosted its production to an annual record last year.

A grandson of the founder of modern Saudi Arabia, his ascendancy stunned Saudi watchers more used to seeing one geriatric king follow anoth...

The New York-based boutique investment bank had been shortlisted along with Evercore Partners Inc as a potential adviser for the deal.

Nomura argues that the costs of low oil prices no longer outweigh the benefits of forcing competitors, particularly those based in the US, ...

"Saudi Arabia is very unlikely to agree to any output freeze at this meeting or in the foreseeable future and definitely output cut seem to...

"I think by 2020, if oil stops we can survive," Prince Mohammed said. "We need it, we need it, but I think in 2020 we can live without oil."

This will include Saudi Aramco's 400,000 barrels per day Jazan refinery, which is expected to be the mainstay of a new economic city.